Byggmax Group is a Swedish public limited liability company listed on Nasdaq Stockholm. Corporate governance means the rules and regulations as well as the existing structure for managing and leading business activities in a limited company with an efficient and controlled approach. Ultimately, corporate governance aims to meet shareholder requirements in respect of return and to provide all stakeholders with adequate and correct information about the company and its development. Byggmax applies the Swedish Corporate Governance Code. The Code builds on the “comply or explain” principle, which means that companies that apply the Code can deviate from specific rules but must explain the underlying reasons behind the deviation in the Corporate governance report.

ORGANIZATION CHART CORPORATE GOVERNANCE

Management and control of the Byggmax Group is distributed between the shareholders at the annual general meeting, the board and the managing director in accordance with the Swedish Companies Act and the articles of association. The organizational chart below shows the structure of the Group's governance.